National Energy Administration: Encourage foreign investment in exploration and development of shale gas
June 20 02:26:29, 2025
On December 3, Liu Qi, Deputy Director of the National Energy Administration, stated at the inaugural Energy International Investment Cooperation Forum that China's renewable energy and new energy sectors have experienced rapid growth in recent years. This year, it is anticipated that wind power grid-connected installed capacity will reach 65 million kilowatts, with power generation exceeding 1,100 billion kWh. Solar power generation is also experiencing robust expansion, with this year’s installed capacity expected to surpass 7 million kilowatts.
Although the National Energy Administration had previously released the "Twelfth Five-Year Plan for Solar Power Development," the solar power generation targets are currently being revised in response to shifts in the international market and the domestic industry landscape. Initially, the plan underwent multiple revisions before it was finalized, setting an installed capacity target of 21 million kilowatts by the end of 2015, with annual power generation reaching 25 billion kilowatt-hours. The focus was on developing distributed photovoltaic power systems in central and eastern regions, with a goal of achieving a total installed capacity of 10 million kilowatts for distributed photovoltaic power generation. However, since last year, China's photovoltaic industry has faced challenges due to "double anti-dumping" measures from Europe and the U.S., and even India recently initiated an investigation into Chinese photovoltaic products. Additionally, the "two-out" industry pattern persists, placing the photovoltaic sector in a precarious situation. In response, relevant authorities promptly adjusted industrial development policies to support the photovoltaic industry. Although Liu Qi did not disclose the specifics of the revised solar power generation targets, he emphasized the need for adjustments to address these challenges.
Liu Qi further noted that China has established a comprehensive foreign investment legal framework, issuing numerous policies and industry guidance catalogs to attract foreign investment. In the energy sector, China encourages foreign investors to collaborate in oil and gas exploration and development, including unconventional resources like shale gas. There is also encouragement for investments in constructing new energy power stations, hydroelectric facilities, and clean combustion technologies for thermal power plants.
Looking ahead, Liu Qi mentioned that the National Development and Reform Commission and the Energy Bureau will work closely with diplomatic, fiscal, taxation, business, and financial departments to expedite the approval of overseas energy investment projects while simplifying approval processes and mitigating investment risks. These efforts aim to enhance the service quality within the energy industry. Furthermore, China plans to fully leverage multilateral and bilateral cooperation mechanisms to provide robust support for enterprises engaging in international energy cooperation. Chinese companies are encouraged to adhere to local laws, fulfill social responsibilities, and prioritize environmental protection during their overseas investments. They should also contribute to local communities by supporting education, healthcare, and talent development initiatives, thereby fostering positive relationships and contributing to local economic and social progress.
Liu Qi expressed hope that both governments would uphold the principles of mutual benefit and shared development, resolving any issues arising from cooperation through friendly and equal negotiations. This approach underscores China’s commitment to fostering sustainable international partnerships in the energy sector.
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